VATE · INNOVATE Corp.
Substantial doubt about the company's ability to continue as a going concern.
“However, as of the date of these financial statements, there is substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued. The principal conditions leading to this conclusion are the upcoming maturities of the Company's debt obligations.”View the 10-Q filed Aug 6, 2026
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Aug 9, 2024; bars on opposite sides are not compared.
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $66M | Six Months Ended June 30, 2026 | — |
| Approximate MHz POPs | 2.7B | 2Q26 | — |
| Backlog | 110 | the second quarter | — |
| Class A stations | 53 | 2Q26 | — |
| DBMG adjusted backlog non-GAAP | 2.7B | As of June 30, 2026 | — |
| DBMG Adjusted EBITDA margin non-GAAP | 11.8% | Q2 2026 | — |
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| DBMG gross margin | 18.5% | Q2 2026 | — |
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| DBMG reported backlog | 1.9B | As of June 30, 2026 | — |
| Infrastructure Adjusted EBITDA non-GAAP | $71.7M | Six Months Ended June 30, 2026 | — |
| Life Sciences Adjusted EBITDA non-GAAP | -$2.8M | Six Months Ended June 30, 2026 | — |
| Low Power Television ("LPTV") stations | 206 | 2Q26 | — |
| Non-Operating Corporate Adjusted EBITDA non-GAAP | -$4M | Six Months Ended June 30, 2026 | — |
| R2 demand | $3.6M | Q2 2026 | — |
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| Reported backlog | 1.9B | Q2 2026 | — |
| Spectrum Adjusted EBITDA non-GAAP | $1.1M | Six Months Ended June 30, 2026 | — |
| Total Adjusted EBITDA non-GAAP | $66M | Six Months Ended June 30, 2026 | — |
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| Total Operating Stations | 262 | 2Q26 | — |
| R2 minimum purchase commitment | 600 | 3-year period | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Engineering & Construction — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VATE
this stock
INNOVATE Corp.
|
$108.59M | +67.3% | +12.5% | — | 3.2% |
|
PWR
Quanta Services, Inc.
|
$103.10B | +71.1% | +13.4% | 78.6 | 2.1% |
|
FIX
Comfort Systems USA Inc
|
$66.21B | +101.6% | -73.9% | 46.3 | 2.0% |
|
FER
Ferrovial N.V.
|
$46.08B | -1.1% | — | — | 0.5% |
|
EME
EMCOR Group, Inc.
|
$38.06B | +41.0% | +16.6% | 26.9 | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Aug 9, 2024; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VATE | +6.0% | -14.8% | +51.5% | -6.9% | +67.3% |
| SPY | -0.1% | +4.1% | +12.4% | +3.4% | +13.3% |
| vs SPY | +6.1% | -18.9% | +39.1% | -10.3% | +54.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.